Bonfire Financial Invests $763,000 in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Bonfire Financial bought a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 27,918 shares of the company’s stock, valued at approximately $763,000. Schwab US Dividend Equity ETF comprises 0.7% of Bonfire Financial’s portfolio, making the stock its 28th largest holding.

Several other large investors have also added to or reduced their stakes in SCHD. JPMorgan Chase & Co. lifted its holdings in shares of Schwab US Dividend Equity ETF by 7.2% in the third quarter. JPMorgan Chase & Co. now owns 1,568,103 shares of the company’s stock valued at $132,552,000 after purchasing an additional 104,855 shares in the last quarter. GAMMA Investing LLC lifted its stake in Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. GAMMA Investing LLC now owns 9,753 shares of the company’s stock valued at $266,000 after acquiring an additional 6,502 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth $163,000. Tenon Financial LLC grew its stake in shares of Schwab US Dividend Equity ETF by 200.1% in the 4th quarter. Tenon Financial LLC now owns 15,121 shares of the company’s stock worth $412,000 after acquiring an additional 10,082 shares in the last quarter. Finally, Synovus Financial Corp raised its holdings in shares of Schwab US Dividend Equity ETF by 148.1% in the third quarter. Synovus Financial Corp now owns 42,517 shares of the company’s stock valued at $3,594,000 after purchasing an additional 25,380 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock opened at $27.68 on Tuesday. Schwab US Dividend Equity ETF has a fifty-two week low of $25.16 and a fifty-two week high of $29.72. The firm’s 50-day simple moving average is $27.85 and its 200 day simple moving average is $27.99. The stock has a market cap of $19.42 billion, a PE ratio of 15.04 and a beta of 0.74.

Schwab US Dividend Equity ETF Profile

The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index, a market-cap-weighted index of 100 dividend-paying US equities. SCHD was launched on Oct 20, 2011 and is managed by Schwab.